Financial Highlights

Bonus Issue of up to 53,791,760 new ordinary shares in Malaysia Steel Works (KL) Bhd (“Masteel”) (“Bonus Share(s)”) on the basis of 1 Bonus Share for every 5 existing ordinary shares held in Masteel (“Masteel Share(s)” or “Share(s)”) at 5.00 p.m. on 28 September 2017

Period of interest payment

to

Financial Year End

31 Dec 2017

Share transfer book & register of members will be

to closed from (both dates inclusive) for the purpose of determining the entitlement

a.Securities transferred into the Depositor’s Securities Account before 4:00 pm in respect of transfers

28 Sep 2017

b.Securities deposited into the Depositor’s Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.

Number of new shares/securities issued (units) (If applicable)

Entitlement indicator

Ratio

Ratio

1 : 5

Rights Issue/Offer Price

Par Value (if applicable)

Remarks :

The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 29 September 2017, being 1 market day after the Entitlement Date.
The Share Registrar of Masteel will issue and despatch notices of allotment of the Bonus Shares to all entitled shareholders of Masteel within 4 market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Securities.
This announcement is dated 13 September 2017.